This article is taken from the Trader's Journal magazine (Aug 2008 issue)
The author, Kevin Teeple has appeared as a featured expert on CNN, Bloomberg, the FOX Network in addition to the NASDAQ’s market site in New York City. Days after the attack on the World Trade Center, Kevin was honored to be one of a select few appearing on the CNN Financial Network to respond to the questions and concerns of Americans regarding their investments, the market and the economy.
- Kevin Teeple shares the steps he took along the path to become a successful trader. His lesson – ‘learn what is true and stick to it.’
Managing a hedge fund these last nine years has permitted me a rare insiders’ perspective to just why investors lose more money in the stock market, than they ever make. These common financial pitfalls are easy to pinpoint, but not so easily remedied. Whether it is your family’s 401(k) or $50 million being professionally managed in a hedge fund, investing in anything that is too confusing, too complicated, or void of real risk management all but guarantees financial catastrophe.
Identifying the remedy was somewhat more involved, requiring that I not trade for years. Personally, I had lost more money than I wanted to admit at the time. Ultimately, I surrendered my grand egotistical illusion that the stock market actually cared about my financial forecasts, stock predictions and trend lines.
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Other article in this issue:
